GPT brings Australian office zero emissions target closer – Singaporean media-based company buys UK student accommodation portfolio
General Property Trust
GPT launches $A376 million Metro Office Fund – Lend Lease scores with new Brisbane apartments – Australian fund manager signs JV with Daiwa House – And you thought consents were hard to get here?
Canadian pension fund enters housing joint venture with China Vanke – GPT fund buys half of Melbourne shopping centre from Canadian fund – CFS Retail completes internalisation, Dexus takeover of office fund nears completion – Westfield organises funding for new group split – A-Reit shifts funds from euro to yen – Newly listed 360 Capital to list office fund separately
Published 21 February 2011 The GPT Group announced binding contracts last Wednesday for the sale of its US seniors housing portfolio to Health Care REIT Inc, a publicly traded US real estate investment trust for $US890 million, reflecting a passing yield of 6.2%. GPT chief executive & managing director Michael Cameron said the sale marked […]
Published 4 April 2007 GPT (the General Property Trust) has sold $A1.9 billion of prized Australian shopping centres into a wholesale fund, which closed oversubscribed on Monday. The GPT Wholesale Shopping Centre Fund will own 50% of the super-regional Highpoint Shopping Centre & adjoining Homemaker City Maribyrnong bulky goods centre in Melbourne and 50% of […]
Published 21 March 2006 General Property Trust has bought 50% of the Highpoint shopping centre in Melbourne, plus management rights, for $A621.2 million after confirming Myer Ltd wouldn’t exercise its right of refusal over the 50% interest. Settlement is scheduled for 31 March. GPT anticipates a first-year yield of 5.8% (5.5% including acquisition costs) on […]